Demowp

Tag: Private sector

  • Unbecoming American: Risky Business

    Unbecoming American: Risky Business

    Risk and fraudulent mutuality Thirty years ago, having just successfully completed a international congress on environmental consciousness and mass media which I had organized on behalf of the Deutsche Hygiene-Museum, Dresden, a legacy of an early German pharmaceutical magnate, the inventor of the mouthwash Odol; I was asked to prepare the framework for a subsequent […]

  • Tackling California’s Budget Crisis: Raise Taxes, Cut Programs, or Form a Bank?

    In 2022, the state of California celebrated a record budget surplus of $97.5 billion. Two years later, according to the Legislative Analyst’s Office, this surplus has plummeted to a record budget deficit of $73 billion. Balancing the budget will be challenging. Unlike the federal government, the state cannot just drive up debt and roll it […]

  • The Public Bank That Wasn’t: New Jersey’s Excursion into Public Banking

    In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run for New Jersey governor. He regularly championed public banking in speeches, town halls and campaign commercials. He won the race, and the nation’s second state-owned bank following the stellar model of the Bank […]

  • The “Food Transition” Is a War on Food, Farmers and the Public

    This article begins with a short video based on an interview with researcher Sandi Adams, who describes the plans for agriculture in the rural county of Somerset in south-west England and the UK in general. It’s an important clip because what she describes appears to be part of a wider United Nations agenda handed down […]

  • Farmers’ Protest in India Reignites: A Struggle for the Future of Food and Agriculture

    In 2021, after a year-long protest, India’s farmers brought about the repeal of three farm laws that were intended to ‘liberalise’ the agriculture sector. Now, in 2024, farmers are again protesting. The underlying issues and the facilitation of the neoliberal corporatisation of farming that sparked the previous protest remain and have not been resolved. The […]

  • Defusing the Derivatives Time Bomb: Some Proposed Solutions

    The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy. But why let them bet at all? This is a sequel to a January 15 article titled “Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?”, discussing the threat of […]

  • Casino Capitalism and the Derivatives Market: Time for Another “Lehman Moment”?

    Reading the tea leaves for the 2024 economy is challenging. On January 5th, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages rising faster than prices in 2023. But critics are questioning the official figures, and prices are still high. Surveys show that consumers remain apprehensive. There are other concerns. On December 24, 2023, Catherine […]

  • Sickening Profits: The Global Food System’s Poisoned Food and Toxic Wealth 

    The modern food system is being shaped by the capitalist imperative for profit. Aside from losing their land to global investors and big agribusiness concerns, farmers and ordinary people are being sickened by corporations and a system that thrives on the promotion of ‘junk’ (ultra-processed) food laced with harmful chemicals and cultivated with the use […]

  • “The Great Taking”: How They Can Own It All

    “’You’ll own nothing and be happy’? David Webb has gone through the 50-year history of all the legal constructs that have been put in place to technically enable that to happen.” [Oct 2 interview titled “The Great Taking: Who Really Owns Your Assets?”] The derivatives bubble has been estimated to exceed one quadrillion dollars (a […]

  • More Banks to Fail? Not in North Dakota

    U.S. banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in August by Moody’s, which cut credit ratings on 10 banks and placed four of the 15 largest U.S. banks on review for possible downgrade. As with the banks going into […]

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